Target Co. (NYSE:TGT) Shares Sold by Boston Partners

Boston Partners lowered its stake in Target Co. (NYSE:TGT) by 92.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 107,628 shares of the retailer’s stock after selling 1,288,945 shares during the period. Boston Partners’ holdings in Target were worth $14,549,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TGT. Legacy Investment Solutions LLC bought a new position in Target during the 3rd quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in Target during the fourth quarter worth $29,000. FSA Wealth Management LLC acquired a new position in Target in the third quarter worth $36,000. MCF Advisors LLC increased its stake in Target by 175.3% during the fourth quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock valued at $35,000 after purchasing an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Target by 110.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after purchasing an additional 135 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TGT shares. The Goldman Sachs Group lowered their price objective on shares of Target from $166.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Telsey Advisory Group lowered their target price on Target from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Gordon Haskett downgraded Target from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. BMO Capital Markets lowered their price objective on Target from $160.00 to $120.00 and set a “market perform” rating for the company in a research note on Thursday, November 21st. Finally, DA Davidson lowered their price target on shares of Target from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $145.55.

Target Stock Performance

Shares of TGT opened at $104.19 on Friday. Target Co. has a one year low of $103.46 and a one year high of $181.86. The company has a 50-day moving average of $126.64 and a two-hundred day moving average of $138.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.94 and a quick ratio of 0.25. The stock has a market cap of $47.47 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.94 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.17. The firm had revenue of $30.92 billion for the quarter, compared to analysts’ expectations of $30.83 billion. Target had a net margin of 4.06% and a return on equity of 31.11%. On average, equities research analysts expect that Target Co. will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Wednesday, May 14th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, May 14th. This represents a $4.48 dividend on an annualized basis and a yield of 4.30%. Target’s payout ratio is presently 50.56%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.